Trade Ideas for 9/26/08

Maybe folks who took this week off had the right idea after all. A weak rally early on didn't really go anywhere, and commodities continued pulling back. Everyone is waiting for closure on the bailout proposal. What looked like a done deal is now maybe not going through. Could that be? We shall see. Meanwhile Washington Mutual is the latest casualty of the financial crisis, falling after hours to 45 cents.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
SIGA	4.01	3.94	-1.7%	3.19	Consider selling on a close < 3.69	Chart
SLW	10.21	9.76	-4.4%	8.99	Consider selling on a close < 9.49	Chart
DBA	33.61	32.99	-1.8%	30.99	Consider selling on a close < 31.99	Chart

These low-movement days are meant to frustrate us, but every moment of consolidation adds fuel to the eventual move. I don't know if that move will be up or down, and given the market's propensity of late to gap hugely one way or another, it's a good idea, if you're going to make a bet one way or another, to bet small.

Trade Ideas for 09/26/08

Ticker	Entry	Exit A	Exit C	Chart
STSI (Star Scientific)	4.06	3.61	3.39	Chart
TAN (Solar ETF)	22.16	20.99	19.99	Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.